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Profile: Who is Grace Wales Bonner, the new head of menswear at Hermès

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Business

China hits Europe’s brandy exports with duties but adds exemptions

Beijing decided to impose anti-dumping duties of up to 34.9% for the next five years starting on Saturday, following an investigation into brandy imported from Europe.

Lifestyle

Italian feminist designer Maria Grazia Chiuri leaves Dior

A new change of chair in the fashion world. Roman designer Maria Grazia Chiuri is leaving the artistic direction of the Parisian fashion house.

Business

LVMH CEO criticises Brussels bureaucrats as US-EU tensions simmer

French businessman Bernard Arnault warned trade tensions with the US would wreak havoc on European businesses — criticising Brussels' negotiation skills.

Business

How Trump’s tariffs are dampening hopes of a luxury sector revival

The global luxury sector, which has been facing slowing demand and an eroding customer base in the last several months, could be further hit by the escalating trade war between China and the US.

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Economy

European alcohol industry faces €13bn blow from Trump’s 200% tariffs

Trump’s threat to impose a 200% tariff on European alcohol rattled markets, sending Campari, Pernod Ricard, and LVMH stocks tumbling. The U.S. accounts for €13.1bn in EU beverage exports, with wine and spirits most at risk.

Business

Hermès bucks luxury sales slowdown and extends lead over rivals

After end of year results well above analyst predictions, the Paris-based luxury goods group continued to outperform rivals and bucked the trend in a depressed market place.

Business

LVMH earnings highlight uneven recovery in the luxury goods sector

LVMH posted subdued quarterly results due to continued weakness in the fashion and leather goods segment. The results slightly exceeded analysts' estimates for overall performance.

Business

LVMH sells Stella McCartney minority stake as luxury sector struggles

LVMH has already sold the streetwear fashion brand Off-White recently, as well as its stake in Cruise Line Holdings amid dampened global demand for luxury goods and falling Chinese sales.

Culture news

France's richest man's influence grows with Académie election

France's richest man has now been elected to one of his country's most esteemed positions.

Business

France’s richest family plan to buy into football with club purchase

France’s richest family, the Arnaults of luxury empire LVMH, has announced the planned purchase of second-division soccer club Paris FC.

Business

LVMH misses expectations as luxury stocks experience growth slowdown

Major European luxury stocks have experienced a slowdown in growth, primarily due to softened global purchasing power, particularly in China.

Economy

China’s CPI and economic briefings dampen European market sentiment

China reported weaker-than-expected consumer price growth for September, alongside an underwhelming economic briefing, which may exert pressure on European luxury stocks.

Business

LVMH becomes major sponsor of Formula 1 with new 10-year deal unveiled

LVMH has signed a 10-year global partnership with Formula One, with brands such as Louis Vuitton and Tag Heuer involved. The iconic watch manufacturer Rolex is ending a partnership with Formula One, which has been ongoing since 2013.

Lifestyle

Hedi Slimane steps down as Celine creative director

After seven years as creative director of French luxury fashion house Celine, Hedi Slimane is moving on.

Lifestyle

LVMH sells Off-White: Is this the end for Virgil Abloh's brand?

Off-White, the Virgil Abloh brand that was bought out by LVMH in 2021 at the height of its popularity now faces cultural irrelevancy. Why?

Business

Demand for luxury declining? LVMH half-year net profit drops 14%

Shares in LVMH Moet Hennessy Louis Vuitton SE fell nearly 5% on Wednesday morning after the luxury goods company failed to cheer investors with its latest results.

Business

'Eurostars': The rise of Europe's answer to the US 'Magnificent 7'

The 'Eurostars', including Novo Nordisk and ASML, have outperformed the US 'Magnificent 7' since 2020, showcasing diverse sector strengths and superior risk-adjusted returns, a recent research shows.

Markets

Birkenstock's key shareholder to offload stock despite rosy forecast

US private equity firm L Catterton will still hold the biggest slice of the Birkenstock pie.

Lifestyle

Louis Vuitton sets tails & tongues wagging with new canine collection

Louis Vuitton unveils its latest Pharrell Williams collaboration, a dog-themed Men's collection.

Markets

Europe's luxury stocks set for growth challenges in the year ahead

Major European luxury stocks have been experiencing a slowdown in growth amid softened global purchasing power, particularly in China.